Friday, May 30, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Turkey Signs Development Contracts in Eastern Libya

April 14, 2025
Libya’s Reconstruction Fund Launches Development Projects in the East

Libya’s Reconstruction Fund Launches Development Projects in the East

Share on FacebookShare on Twitter

On Monday, the Director-General of Libya’s Reconstruction and Development Fund, Belgassim Haftar, signed a set of development contracts for infrastructure and health projects in four eastern cities: Benghazi, Al-Bayda, Shahat, and Tobruk.

The contracts were signed with two national firms—LEPCO for Construction and Industry and Jawaher for Contracting and Trade, but the Fund did not disclose the total value of the agreements.

According to a statement from the Fund, the projects include road construction and maintenance, infrastructure upgrades, and the building and rehabilitation of specialized public hospitals aimed at improving healthcare services and readiness in the region.

The announcement comes just a week after a public outcry over dual government spending in Libya.

A recent report from the Central Bank revealed that total public spending in 2024 had reached 224 billion Libyan dinars.

This includes 123 billion in expenditures by the Government of National Unity (GNU), 42 billion related to oil swap arrangements, and 59 billion spent by the eastern-based government appointed by the House of Representatives.

The GNU quickly responded, accusing the eastern government of spending five times more than the national budget allocated for development, which it said was only 12 billion dinars.

On the other side, Prime Minister Osama Hammad of the eastern-based government defended the spending, blaming the Central Bank’s continued support for the Tripoli government as the reason for the ongoing financial division.

Despite the growing controversy, the Reconstruction Fund has moved ahead with its project signings, framing them as part of its national mission to rebuild infrastructure and deliver public services.

Tags: Belgassim HaftarEast LibyalibyaReconstruction Fund
Next Post
US Report: Libya’s PM Dbaiba Expected to Step Down Within Weeks

US Report: Libya’s PM Dbaiba Expected to Step Down Within Weeks

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Will Russia Attack Europe Through Libya?

Libya’s Eastern Government Considers Force Majeure On Oil Ports

Dbaiba Rejects Parliament’s Attempt to Form New Government

Haftar Inaugurates Military City as Foundation for Libya’s Army Reform

Libya Grants Visa-Free Entry to Belarusian Nationals

UN to Vote on Renewing Arms Embargo Enforcement Off Libya’s Coast

EDITOR PICKS

Libyan Woman Gives Birth During Hajj in Saudi Arabia

Syria to Resume Flights & Reopen Embassy in Libya

WFP Appeals for $13.5 Million to Support Sudanese Refugees in Libya

UN to Vote on Renewing Arms Embargo Enforcement Off Libya’s Coast

Will Russia Attack Europe Through Libya?

Ancient Coins Discovered In Libya’s Benghazi

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR